Shawn Teigen: 'With an expected – though not guaranteed – improvement in the Misery Index in 2023 and beyond, we can only hope that it translates to a better quality of life for all Utahns.'
using a financial misery formula designed by Johns Hopkins University professor Steve Hanke. His key components were gross domestic product change, unemployment, interest rates and the dreaded specter of inflation.
This combination of factors led to a Misery Index spike in 2022. Preliminary 2022 calculations show levels of financial misery nearly matching the Great Recession. That is miserable. However, Utah seems well positioned to remain a strong economic beacon in the nation, returning to a relatively low level of financial misery, due in part to our nation-leading unemployment rate and expected economic growth.
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